How an ugly marital feud could change Indian business ...Middle East

A COMMON FEATURE of family business is friction, to put it politely, between relatives. When the business is a multibillion-dollar concern and the feuds carry a whiff of scandal—think the Redstones at Paramount Global or the Bettencourts at L’Oréal—they spawn bestsellers or Netflix documentaries. India, where family firms generate an estimated 79% of GDP, has no shortage of similar drama. The latest could produce something rather less frivolous—better corporate governance. The dispute in question involves Gautam Singhania, the classic-car-loving billionaire chairman of Raymond, a conglomerate spanning everything from men’s suits to car parts, and his wife, Nawaz Modi, a yoga teacher with t

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How an ugly marital feud could change Indian business ...Middle East

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